PROBATE Sale. Subject to Court confirmation and overbidding in Court. Great investment and redevelopment opportunity in East LA! 2 duplexes and 6 vacant land parcels being sold together. Total 8 parcels with 8 separate APNs. For Sale AFTER 18 years in El Sereno neighborhood.
4790 Academy St. is one of the two duplexes included in the sale, offering approximately 1,024 sq. ft. of living space on a 5,000 sq. ft. lot. The upper unit (4790) features 2 bedrooms and 1 bathroom, while the lower unit (4792) offers 1 bedroom and 1 bathroom. Both units are currently vacant and will be delivered vacant at the close of escrow. Each unit has separately metered electricity and gas services.
4791 Huntington Dr. N is the second duplex included in the sale, offering approximately 1,354 sq. ft. of living space on a 4,507 sq. ft. lot. The upper unit (4791) features 2 bedrooms and 1 bathroom, while the lower unit (4793) offers 1 bedroom and 1 bathroom. Unit 4791 is currently occupied by the beneficiary of the selling Trust. Seller to lease back subject property for 90-days after close of escrow at $2,000/mo. Both units are separately metered for electricity and gas services. Both duplexes require rehabilitation and updating and are being sold AS IS and WHERE IS, with all faults, and without warranty, express or implied.
All 8 parcels (4791 Huntington Dr. N (Duplex), 4790 Academy St (Duplex), 6 Vacant Lands APNs 5213-003-007, 5213-003-008, 5213-003-009, 5213-003-017, 5213-003-018, 5213-003-020) are to be sold together to one buyer only and will be subject to Court overbidding as one unified sale. The total asking price for the eight parcels is $1,100,000.
An Easement Deed for Ingress and Egress was recorded in September 2022, granting a driveway easement benefiting 4791 Huntington Dr. N over a portion of 4790 Academy St.
Just minutes away from Dodger Stadium, DTLA & Pasadena and with easy access to the 5, 10, 110 and 710 freeways. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.